English

Continuous Representations of Preferences by Means of Two Continuous Functions

Theoretical Economics 2024-02-14 v1

Abstract

Let \precsim be a reflexive binary relation on a topological space (X,τ)(X, \tau ). A pair (u,v)(u,v) of continuous real-valued functions on (X,τ)(X, \tau ) is said to be a {\em continuous representation} of \precsim if, for all x,yXx,y \in X, [(xyu(x)v(y))(x \precsim y \Leftrightarrow u(x) \leq v(y))]. In this paper we provide a characterization of the existence of a continuous representation of this kind in the general case when neither the functions uu and vv nor the topological space (X,τ)(X,\tau ) are required to satisfy any particular assumptions. Such characterization is based on a suitable continuity assumption of the binary relation \precsim, called {\em weak continuity}. In this way, we generalize all the previous results on the continuous representability of interval orders, and also of total preorders, as particular cases.

Keywords

Cite

@article{arxiv.2402.07908,
  title  = {Continuous Representations of Preferences by Means of Two Continuous Functions},
  author = {Gianni Bosi and Asier Estevan},
  journal= {arXiv preprint arXiv:2402.07908},
  year   = {2024}
}